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14116 Arbor Hills Rd Tampa, FL 33625

3 Beds 3 Baths 1,530 sqft Built 1981

$279,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

October 27, 2020 RECENTLY ADDED
FACTS
  • Built In 1981
  • Price/Sqft : $182.94
  • 8 Days on Market
  • MLS # : T3265320
  • Updated Date : 10/31/2020 at 12:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,530 sqft
  • Baths : 2 full , 1 half
Listing Agent

First Fla. Rlty. Of Tampa Bay

Listing Agent's Description

Charming Classic Ranch style 3 bedroom, 3 bath home in Carrollwood Meadows! Nestled on a quiet street in a highly sought out neighborhood you'll find this to be a family home. The property comes equipped with a NEW DIMENSIONAL ROOF, brand new stucco and fresh neutral coat of paint. The oversized paved driveway is perfect for trailers or for when you have family and friends gatherings. This home features a breakfast area and a formal dinning room area which can also be transformed into a bonus room, and with separate family room featuring a wood burning fire place. Pride of ownership is everywhere you look. Bring the movers because this beautiful home is in move-in ready The backyard w has enough land for pets, playground or an outdoor kitchen. HURRY AND SCHEDULE YOUR PRIVATE SHOWING TODAY!!!

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MARKET HIGHLIGHTS

  • 2nd Best City for Young Entrepreneurs (Forbes)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
  • Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
  • #8 in America's Fastest Growing Cities (Forbes, 2018)
  • Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
  • One of the best cost-friendly American cities to do business (KPMG)
  • Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)

PRICE & RENT TRENDS

Neighborhood: Carrollwood Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k252k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Carrollwood Meadows

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8781643

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Essrig Elementary School Primary Regular 675 53 6
Hill Middle School Middle Regular 870 52 6
Gaither High School High Regular 2,090 117 5

Essrig Elementary School

  • Education Level: Primary
  • # of students: 675
  • # of teachers: 53
6
GreatSchools Rating

Hill Middle School

  • Education Level: Middle
  • # of students: 870
  • # of teachers: 52
6
GreatSchools Rating

Gaither High School

  • Education Level: High
  • # of students: 2,090
  • # of teachers: 117
5
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,033
Property Tax -$338
Property Insurance -$125
Property Management Fees -$80
CASH FLOW
-$15

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$279,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 11.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$22,392

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,560

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,679

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4953$1,5604$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 14116 Arbor Hills Rd Tampa, FL 3
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.02
    •  
  • 14312 Knoll Ridge Dr Tampa, FL 1
    • 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,381 Sqft ∙ Built 1977
    LEASED 11/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.05
    •  
  • 14315 Promontory Point Pl Tampa, FL 2
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1978
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.05
    •  
  • 13729 Country Court Dr Tampa, FL 4
    • 4 beds 2 baths ∙ 1,524 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,524 Sqft ∙ Built 1979
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.12
    •  
  • 5012 Headland Hills Ave Tampa, FL 5
    • 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1978
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.17
    •  
PROPERTY LISTING DETAILS
Walkis Cruz
1.813.789.5194
First Fla. Rlty. Of Tampa Bay
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3265320
Last Updated: 10/31/2020
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